Pregled bibliografske jedinice broj: 156858
Empirical analysis of production functions and technological progress in Croatia 1960-1990
empirical analysis of production functions and technological progress in Croatia 1960-1990 // 4th International conference" Economic systems of European Union and Accession of the Republic of Croatia : Theory and practice of transition and accession to the EU" : selected papers / Kandžija, Vinko ; Kumar, Andrej (ur.).
Ljubljana: Faculty of economics, 2004. str. 119-136 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Empirical analysis of production functions and technological progress in Croatia 1960-1990
(Eempirical analysis of production functions and technological progress in Croatia)
Autori
Šergo, Zdravko ; Tomčić, Zdenko
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
4th International conference" Economic systems of European Union and Accession of the Republic of Croatia : Theory and practice of transition and accession to the EU" : selected papers
/ Kandžija, Vinko ; Kumar, Andrej - Ljubljana : Faculty of economics, 2004, 119-136
ISBN
9612400040
Skup
International Conference "Economic System of European Union and Accession of the Republic of Croatia : Theory and practice of transition and accession to the EU" (4 ; 2003)
Mjesto i datum
Opatija, Hrvatska, 09.05.2003. - 10.05.2003
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Cobb-Douglas production function ; CES ; elasticity of substitution ; Solow residual
Sažetak
Different production functions were analysed and applied to the economy of Croatia from 1960-1990. This paper provides an attempt at an explanation of Croatia productivity (labour versus capital) along the lines proposed by the neo-classical growth theory. Production function estimates for social product are provided using Cobb-Douglas and the constant elasticity of substitution production function (CES). Econometric applications consist of the estimating four specifications of the C/D production function: (a) , (b) , (c) , (d) , and one specification of the CES production function: (e) . An econometric testing is employed to investigate the long-run property of the estimated equations. We will see how the elasticity of substitution is related to the substitution parameter r and indicate how Cobb-Douglas can be viewed as a special case of the CES production function., and also how is the Solow residual as a measure of total factor productivity distributed during the anticipated time.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
